Indonesian Political, Business & Finance News

Archive: 13 April 1998

50 articles found

Govt slaps travel ban on officials of ailing banks

Govt slaps travel ban on officials of ailing banks SEMARANG (JP): Minister of Justice Muladi has announced an overseas travel ban on 50 executives and owners of 14 troubled banks recently suspended or taken over by the government.

NKK wins RI ship contract

NKK wins RI ship contract JAKARTA (JP): NKK Corporation of Japan announced in Tokyo Saturday the signing of a contract for the construction of a 22,500-cubic-meter carrier to transport liquefied natural gas (LNG) from Indonesia.

Red tides hit HK fish farms

Red tides hit HK fish farms HONG KONG, China (AP): The worst red tides this decade have wiped out hundreds of thousands of fish worth at least HK$70 million, newspapers reported yesterday.About 1,000 of Hong Kong's 1,500 fish farms have been devastated by the red tides, which first hit coastal...

Students told to stay on campuses

Students told to stay on campuses JAKARTA (JP): Jakarta Military Commander Maj. Gen. Sjafrie Sjamsoeddin has reiterated that students, who have held demonstrations demanding political and economic reforms in recent weeks, should stay on their campuses.

Avarice will destroy us

Avarice will destroy usFrom NeracaAllow me to illustrate Indonesia's present economic condition through the depiction of the avaricious poor young man below.The young man received a gift from an old woman beggar. The beggar asked him to make three wishes, all of which would be granted.

Commitment to full spirit of reform key to recovery

Commitment to full spirit of reform key to recovery JAKARTA (JP): Implementing the ideas behind the tough IMF- sponsored economic reform package is the key to Indonesia's recovery from its worst-ever economic crisis, analysts and businessmen have said.

Two murder suspects caught

Two murder suspects caught SEMARANG, Central Java: Police here have arrested two of the four suspects in last week's murder of a battery factory worker.Local police precinct chief Col. Soenarko said the men, identified as AR, 20, and MK, 22, were apprehended at bus terminal in Secang, Magelang,...

Market operation pushes prices down

Market operation pushes prices down BEKASI (JP): The government's initiative to sell basic commodities directly to the public has pushed prices down in the mayoralty, an official said Saturday.The mayoralty conducted the market operation in 10 markets and shopping centers from late March through...

Philippines wants church bells back

Philippines wants church bells back MANILA (AP): The Philippines will keep pressing to retrieve historic church bells taken by U.S. troops in 1901, President Fidel Ramos said yesterday after failing to work out the relics' return in a U.S. visit.

Sutiyoso OKs change in BP Parkir status

Sutiyoso OKs change in BP Parkir status JAKARTA (JP): Governor Sutiyoso agreed over the weekend to change the status of the city's parking management agency, BP Parkir, to a city-owned company to improve its performance.

Bekasi Red Cross angered by inflated blood fee cost

Bekasi Red Cross angered by inflated blood fee cost JAKARTA (JP): The Bekasi chapter of the Indonesian Red Cross (PMI) is infuriated by a report that a local private hospital has inflated its blood service fee almost fivefold, to Rp 170,000 (US$21) per 300 cc bag of blood.

The Mina disaster

The Mina disaster Although, as far as the Indonesian pilgrims are concerned, the disaster that occurred during the haj last Thursday at Mina was much less serious than that of 1990, the calamity is nevertheless much to be lamented -- especially because all the reports received so far indicate that...

Man jailed for selling marijuana

Man jailed for selling marijuana MEDAN, North Sumatra: A man has been sentenced to three years in jail and fined Rp 300,000 (US$35) for selling marijuana in the city.Judge Kilmar Saragih, who presided over the district court session, said Saturday that defendant Syueb received a stiff sentence...

Japan enhances Asian crisis

Japan enhances Asian crisis In the second of several articles on Japan's role vis-a-vis the ongoing crisis in Southeast and East Asian economies, our Asia correspondent Harvey Stockwin examines why many have failed to focus on that Japanese role in the recent past -- and some of the reasons why...

Central Java to have new military chief

Central Java to have new military chief SEMARANG (JP): A new chief will be at the helm of the Diponegoro Regional Military Command today when Maj. Gen. Tyasno Sudarto is installed as commander of the Central Java area."Maj. Gen. Tyasno Sudarto will replace Maj. Gen.

U.S. greets IMF-RI pact with $1b trade finance

U.S. greets IMF-RI pact with $1b trade finance WASHINGTON (Reuters): The United States on Friday welcomed Indonesia's agreement with the International Monetary Fund (IMF), offering US$1 billion in trade finance as an incentive for President Soeharto to stick to reforms.

Nation 'should alter' rice-dominated diet

Nation 'should alter' rice-dominated diet JAKARTA (JP): Indonesians need to alter their diet and reduce rice consumption because the country's production of the staple will be lower this year due to an El Nino-induced late planting season, experts have warned.

Dengue outbreak toll 31 so far this year: Official

Dengue outbreak toll 31 so far this year: Official JAKARTA (JP): The death toll in the city's dengue fever outbreak has reached 31 this year as of last Friday, a Jakarta health official said yesterday.Jakarta's health office spokeswoman, Maryani, said the virus, to which children are most...

Malaysia may quit INRO as prices keep dropping

Malaysia may quit INRO as prices keep dropping KUALA LUMPUR (AP): Malaysia, the world's third-largest rubber producer, has threatened to pull out of the out of the International Natural Rubber Organization if Thailand does so, a news report said yesterday.

Thai fishermen want licenses extended

Thai fishermen want licenses extended SAMUT SAKHON, Thailand (Reuters): Thai fishermen hope Indonesia will decide to extend its 1999 cut off date for granting licenses to foreigners to fish in Indonesian waters.

Tommy to operate sugar mill in E. Timor

Tommy to operate sugar mill in E. Timor JAKARTA (JP): Businessman Hutomo Mandala Putra, better known as Tommy, will soon begin operating a sugar mill in East Timor, a local official said Saturday.The head of East Timor Investment Coordinating Board, Basyiruddin Yusuf, said the mill, operated by PT...

Bali gets Rp 9.3b for labor projects

Bali gets Rp 9.3b for labor projects DENPASAR, Bali: The province of Bali has been allocated Rp 9.3 billion in the 1998/1999 budget to used for funding labor intensive projects in the holiday resort island.

Five officials in scam probe

Five officials in scam probe KUPANG, East Nusa Tenggara: An investigation is underway on five officials of the provincial education and culture ministry office and four employees of a construction company for alleged involvement in a Rp 1 billion scam centered on six school building construction...

ABRI holds dialog with youth leaders

ABRI holds dialog with youth leaders JAKARTA (JP): Amid strong rejection by university students over a military-sponsored dialog, Armed Forces (ABRI) chief Gen. Wiranto opened a dialog with leaders of 32 youth organizations Saturday.

Concern over foreign lawyers' practices

Concern over foreign lawyers' practicesBy Kartini Muljadi JAKARTA (JP): Many articles have been written about the stance of a group of Indonesian lawyers over the way certain foreign lawyers practice in the country.

Puncak Jaya expenses high

Puncak Jaya expenses high JAYAPURA, Irian Jaya: The regency of Puncak Jaya may well be one of the most expensive places for development with construction rates set by the government at Rp 1.3 million (US$162.5) per square meter.Puncak Jaya regency administrator H.

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:45 TV Series: The Big Valley 3:05 Environment Program: Program Kali Bersih 3:30 TV Drama: Berbagi Rasa 4:00 Regional News 4:30 Creative Program: Karya Kita 5:00 Indonesian Lessons 5:30 Education Quiz: Cepat Tepat 6:00 News: Lintasan Berita 6:05 Village...

Man kills own brother

Man kills own brother JAKARTA (JP): A 39-year-old man was stabbed to death by his brother Saturday night in Kemayoran, Central Jakarta, because the victim kept asking their mother for money.Armansyah, 36, fatally stabbed Darwin in the chest after a bitter argument at their house, a relative said...

Asian woes cloud WB, IMF conference

Asian woes cloud WB, IMF conference WASHINGTON (DPA): The Asian financial crisis can be sure to hold stage center at the spring conference of the World Bank and International Monetary Fund (IMF), to be held here this week.Finance ministers and central bank governors who are flying to the U.S.

Ford to invest $100m in RP

Ford to invest $100m in RP WASHINGTON (Reuters): Ford Motor Co. said on Friday it would invest US$100 million in a vehicle assembly plant and complex near Manila, showing its faith in the Philippine economy.

Companies must report foreign debt position

Companies must report foreign debt position JAKARTA (JP): The government has moved to implement some of the new reforms agreed with the International Monetary Fund (IMF) by issuing regulations on corporate debt, state bank mergers and the establishment of a company to manage the assets of ailing...

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: Adi Munardi After Paris! by Adi Munardi at Galeri TC, Jl. Kemang Raya No. 24A, South Jakarta (7194270/78), Sunday, at 10:30 a.m. to 12 a.m., Monday to Thursday, 11:30 a.m. to 12 p.m., Friday to Saturday 11:30 a.m. to 2 a.m., until April 30.

Government embarks on monetary, judicial reform

Government embarks on monetary, judicial reform The followings are the seven appendixes attached to the text of the Supplementary Memorandum of Economic and Financial Policies.APPENDIX I: Monetary and Interest Rate Policy * The main monetary policy target has been shifted to NDA instead of base...

House not informed on govt's plan on pay rise

House not informed on govt's plan on pay rise JAKARTA (JP): A legislator has said the House of Representatives has not been officially informed of the government's plan to increase civil servants' salaries but lauded the move anyway, saying it would help alleviate the pinch of the economic crisis.

Golkar wants delay for water rates hike

Golkar wants delay for water rates hike JAKARTA (JP): The city chapter of the Golkar political grouping is demanding a postponement in an increase in tap water tariffs until details of cooperation between the city water company PDAM Jaya and two private companies are made clear.

Edible oil producers agree to lower prices

Edible oil producers agree to lower prices JAKARTA (JP): Local producers of crude palm oil (CPO) and cooking oil have agreed to reduce domestic prices of their products in exchange for the lifting of the export ban.M.

Fishing families resettled in Kendari in sorry state

Fishing families resettled in Kendari in sorry stateBy La Ode Aminuddin and Abd Azis Senong KENDARI (Antara): A decent standard of living and a bright future were foremost in the minds of 150 fishermen and their families when they left their homes in Central Java for a new life in Lapulu...

Chinese government offers Indonesia medical and food aid

Chinese government offers Indonesia medical and food aid JAKARTA (JP): China has pledged to support Indonesia in its time of crisis, offering medical and food aid along with export credit facilities worth US$200 million.

Legislators urged to end recess and meet with students

Legislators urged to end recess and meet with students JAKARTA (JP): The House of Representatives (DPR) should cut short its recess period to allow members to meet students who have demonstrated for reforms for months, a legislator says.

Reform programs to spur recovery later in the year

Reform programs to spur recovery later in the year The following is the full text of the Supplementary Memorandum of Economic and Financial Policies. The memorandum was the outcome of a three-week negotiation between the government and the International Monetary Fund. 1.

Volleyball body to launch new league to boost teams

Volleyball body to launch new league to boost teams BOGOR, West Java (JP): In a bid to reach new levels in both Asia and internationally, the Indonesian Volleyball Association plans to establish a competitive league with the best teams from across the country.

Daimler-Benz to expand Asia market

Daimler-Benz to expand Asia marketBy Johannes Simbolon STUTTGART, Germany (JP): Germany's giant business group Daimler-Benz AG has plans to enlarge its market share in Southeast and Northeast Asia, despite the economic crises gripping both regions.

2,500 chickens for the poor

2,500 chickens for the poor BOGOR (JP): Mayor Eddy Gunardi presented 2,500 chickens at the weekend to 500 low-income families to breed.The act was part of the administration's campaign aimed at improving the mayoralty's food sufficiency. Each recipient will get a rooster and four hens.

18 die of dengue fever in E. Timor

18 die of dengue fever in E. Timor DILI, East Timor: Dengue fever has killed at least 18 people in the province since Jan. 18, and more than 200 others have been treated for the disease in hospitals or public health centers.

Fire destroys five houses

Fire destroys five houses JAKARTA (JP): Fire engulfed five houses in a slum area on Jl. Pegangsaan II, North Jakarta, on Saturday afternoon.No casualties were reported, but estimated material losses were Rp 15 million (US$1,875).

Forestry firms given leeway

Forestry firms given leeway JAKARTA (JP): Timber companies will only have to pay 30 percent of their outstanding reforestation funds debts to get their annual working plan approved, Minister of Forestry and Plantations Sumahadi said last week.

Fate of migrant workers

Fate of migrant workersFrom MerdekaI have been saddened by the repatriation of 17,000 Indonesian illegal migrant workers from Malaysia. Together, they constitute a substantial new social problem and are therefore worthy of our consideration.

Trading activities hoped to be bullish this week

Trading activities hoped to be bullish this week JAKARTA (JP): Trading activities on the Jakarta Stock Exchange (JSX) are expected to be bullish this week following the conclusion of three weeks of negotiations between the government and the International Monetary Fund (IMF), analysts said.

UK societies donate milk

UK societies donate milk JAKARTA (JP): Members of the Jakarta branches of four British societies distributed milk to infants at a health service post in Cibubur, East Jakarta, on Saturday.British Ambassador Robin Christopher attended the charity event held by the Royal Society of St George,...

India's edible oil industry welcomes RI CPO ban lift

India's edible oil industry welcomes RI CPO ban lift JAIPUR, India (Reuters): India's edible oil industry on Saturday welcomed Indonesia's decision to lift a ban on crude palm oil exports because it would mean lower prices but they said the cheaper imports would not last long.